Post
Topic
Board Speculation (Altcoins)
Re: Wall Observer/Research ETH/BTC - Ethereum price movement tracking & discussion
by
RiOtT
on 04/11/2015, 17:37:12 UTC
Until this bitcoin bull run stops it is extremely risky to own ETH. It will surge on its own merit in the coming week(s), but not during this btc run. Best thing I did was exit my position allowing me to buy much more at the lower prices. This washout will spread the coin out further which in return will strengthen it in the long run. I feel it still needs another decent dump to build a base and gain traction. It needs to hit the 50c and hold to prove to me and many others that a bottom was formed. Stormy weather ahead, that's my prediction.